Summary Compensation Table
The following table sets forth certain information about the compensation of our NEOs for each of the last three years during which such individuals were NEOs. Our NEOs consist of (a) our Chief Executive Officer, (b) our Chief Financial Officer, (c) our three other most highly compensated executive officers as of December 31, 2017, and (d) an additional individual who would have been one of our three other most highly compensation executive officers as of December 31, 2017 but for the fact that the individual was not serving as an executive officer of the Company on such date.
Summary Compensation Table
|
Name and Principal Position
|
|
|
Year
|
|
|
Salary
|
|
|
Bonus
|
|
|
Stock
Awards
(1)
|
|
|
Non-Equity
Incentive Plan
Compensation
(2)
|
|
|
All Other
Compensation
|
|
|
Total
|
|
|
Rami Rahim
Chief Executive Officer
|
|
|
|
|
2017
|
|
|
|
|
$
|
1,000,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
8,420,716
(3)
|
|
|
|
|
$
|
0
|
|
|
|
|
$
|
7,937
(6)
|
|
|
|
|
$
|
9,428,653
|
|
|
|
|
|
2016
|
|
|
|
|
$
|
1,000,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
6,099,403
(4)
|
|
|
|
|
$
|
437,500
|
|
|
|
|
$
|
7,110
(7)
|
|
|
|
|
$
|
7,544,013
|
|
|
|
|
|
2015
|
|
|
|
|
$
|
1,000,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
7,395,346
(5)
|
|
|
|
|
$
|
1,006,250
|
|
|
|
|
$
|
20,007
(8)
|
|
|
|
|
$
|
9,421,603
|
|
|
|
Kenneth Miller
Executive Vice President,
Chief Financial Officer
|
|
|
|
|
2017
|
|
|
|
|
$
|
550,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
2,189,878
(3)
|
|
|
|
|
$
|
0
|
|
|
|
|
$
|
10,930
(6)
|
|
|
|
|
$
|
2,750,808
|
|
|
|
|
|
2016
|
|
|
|
|
$
|
499,755
|
|
|
|
|
|
—
|
|
|
|
|
$
|
1,578,619
(4)
|
|
|
|
|
$
|
235,555
|
|
|
|
|
$
|
7,018
(7)
|
|
|
|
|
$
|
2,320,947
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bikash Koley
Executive Vice President,
Chief Technology Officer
|
|
|
|
|
2017
|
|
|
|
|
$
|
162,879
|
|
|
|
|
$
|
500,000
(14)
|
|
|
|
|
$
|
8,100,000
(3)
|
|
|
|
|
$
|
0
|
|
|
|
|
$
|
333
(9)
|
|
|
|
|
$
|
8,763,212
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vincent Molinaro
Executive Vice President,
Chief Customer Officer
|
|
|
|
|
2017
|
|
|
|
|
$
|
595,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
2,307,158
(3)
|
|
|
|
|
$
|
0
|
|
|
|
|
$
|
10,866
(10)
|
|
|
|
|
$
|
2,913,024
|
|
|
|
|
|
2016
|
|
|
|
|
$
|
585,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
1,937,318
(4)
|
|
|
|
|
$
|
141,250
|
|
|
|
|
$
|
13,127
(11)
|
|
|
|
|
$
|
2,676,695
|
|
|
|
|
|
2015
|
|
|
|
|
$
|
575,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
2,306,410
(5)
|
|
|
|
|
$
|
330,568
|
|
|
|
|
$
|
10,823
(12)
|
|
|
|
|
$
|
3,222,801
|
|
|
|
Anand Athreya
Executive Vice President, Chief Development Officer
|
|
|
|
|
2017
|
|
|
|
|
$
|
436,376
|
|
|
|
|
|
—
|
|
|
|
|
$
|
1,766,224
(3)
|
|
|
|
|
$
|
0
|
|
|
|
|
$
|
9,410
(7)
|
|
|
|
|
$
|
2,212,010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
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|
|
|
|
|
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|
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|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jonathan Davidson
Former Executive Vice President and
General Manager, Juniper Development
and Innovation
|
|
|
|
|
2017
|
|
|
|
|
$
|
119,773
|
|
|
|
|
|
—
|
|
|
|
|
$
|
2,491,004
(3)
|
|
|
|
|
$
|
0
|
|
|
|
|
$
|
2,654
(7)
|
|
|
|
|
$
|
2,613,431
|
|
|
|
|
|
2016
|
|
|
|
|
$
|
610,000
|
|
|
|
|
|
—
|
|
|
|
|
$
|
1,867,496
(4)
|
|
|
|
|
$
|
101,750
|
|
|
|
|
$
|
6,912
(7)
|
|
|
|
|
$
|
2,586,158
|
|
|
|
|
|
2015
|
|
|
|
|
$
|
595,833
|
|
|
|
|
|
—
|
|
|
|
|
$
|
3,485,327
(5)
|
|
|
|
|
$
|
390,461
|
|
|
|
|
$
|
12,682
(13)
|
|
|
|
|
$
|
4,484,303
|
|
|
(1)
Because 2/3 of the value of the fiscal 2017 PSAs is based on separate measurements of our financial performance for each year in the three-year performance period, ASC Topic 718 requires that the grant date fair value be calculated at the commencement of each separate year of the performance cycle when the respective performance measures are approved. As a result, for the fiscal 2017 PSAs, the Summary Compensation Table does not include the value of the PSAs based on the annual financial metric goals for the fiscal year ending December 31, 2018 (“fiscal 2018”) or the fiscal year ending December 31, 2019 (“fiscal 2019”). Such amounts will be included as equity compensation in the Summary Compensation Table for fiscal 2018 and fiscal 2019, respectively, when the financial metrics are established. However, the “Stock Awards” column for fiscal 2017 does include a portion of the value of the PSAs awarded in the fiscal year ended December 31, 2016 (“fiscal 2016”), and a portion of the value of the PSAs awarded in the fiscal year ended December 31, 2015 (“fiscal 2015”) based on the annual operational performance metrics set for those awards during fiscal 2017. The amounts included in the “Stock Awards” column of the Summary Compensation Table for fiscal 2017 related to the PSAs awarded in fiscal 2016 and 2015 in the aggregate are as follows: $1,683,088 (Mr. Rahim), $191,989 (Mr. Miller), $502,172 (Mr. Molinaro) and $665,176 (Mr. Davidson).The assumptions used in the calculation of these amounts are set forth under Note 12,
Employee Benefit Plans
of the Notes to Consolidated Financial Statements included in Juniper Networks’ Annual Report on Form 10-K for fiscal 2017 filed with the SEC on February 23, 2018.
(2)
Amounts reflect cash bonuses earned in fiscal 2017, fiscal 2016, and fiscal 2015, as applicable, but paid in 2018, 2017 and 2016, respectively, under the Executive Annual Incentive Plan for fiscal 2017, fiscal 2016 and fiscal 2015, respectively.
(3)
The amount shown includes the aggregate grant date fair value of the shares issuable for PSAs granted in fiscal 2017 at target achievement. The aggregate grant date fair values of the maximum number of shares issuable for such performance shares are: $5,029,661 (Mr. Rahim), $862,521 (Mr. Miller), $0 (Mr. Koley), $1,417,632 (Mr. Molinaro), $0 (Mr. Athreya) and $1,743,640 (Mr. Davidson).
(4)
The amount shown includes the aggregate grant date fair value of the shares issuable for PSAs granted in fiscal 2016 at target achievement. The aggregate grant date fair values of the maximum number of shares issuable for such performance shares are: $3,710,654 (Mr. Rahim), $331,302 (Mr. Miller), $1,308,138 (Mr. Molinaro) and $1,137,576 (Mr. Davidson).
(5)
The amount shown includes the aggregate grant date fair value of the shares issuable for PSAs granted in fiscal 2015 at target achievement. The aggregate grant date fair values of the maximum number of shares issuable for such performance shares are: $3,838,903 (Mr. Rahim), $1,202,535 (Mr. Molinaro) and $1,054,039 (Mr. Davidson).
(6)
Amount consists of costs related to the standard employee benefit portion paid by the Company for life insurance premiums, matching contributions paid under the Company’s 401(k) plan and costs borne by the Company associated with a guest attending a sales conference.
(7)
Amount consists of costs related to the standard employee benefit portion paid by the Company for life insurance premiums and matching contributions paid under the Company’s 401(k) plan.
(8)
Amount consists of costs related to the standard employee benefit portion paid by the Company for life insurance premiums and matching contributions paid under the Company’s 401(k) plan, costs borne by the Company associated with a guest attending a sales conference and $6,566 reimbursed for legal expenses.
(9)
Amount consists of costs related to the standard employee benefit portion paid by the Company for life insurance premiums.